DonGlock26
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"Volkswagen Loses Half Their Profit, Now Plan to Cut 50,000 Jobs Over Next Four Years
March 10, 2026 | Sundance | 59 CommentsThe origin of this issue goes back to 2021 and the relaunch of the Build Back Better European green energy program to fight the non-existent climate change problem. We have been highlighting the consequences within the EU auto sector.

We noted in October of last year, the EU’s mandated fines against auto manufacturers who do not hit their production goals for electric vehicle sales began in 2025. EU automakers unable to meet the regulatory compliance goal began purchasing carbon credits to avoid stiff EU fines. Many of those carbon credits were purchased from Chinese EV automakers, who then turned around and started using the extra EU revenue to discount Chinese cars sold in Europe.
At the same time as Chinese autos hit record highs in Europe, EU car sales are flat or declining. Now, Volkswagen is announcing they lost half their profits in one year and will be cutting 50,000 jobs in the next four years.
(MSM – Europe) – Volkswagen just revealed its operating profit sank like a stone last year, dropping by more than half as tariffs, Chinese competition, and shifting strategies took a serious bite out of the bottom line. And that performance now has the VW Group’s execs reaching for the cost-cutting scissors, including plans to shed 50,000 jobs by the end of the decade.
The German automaker reported an operating profit of €8.9 billion ($10.3 bn at current rates) for 2025. That’s down a hefty 53 percent from the year before and well below what analysts were expecting. Revenue, meanwhile, barely moved, slipping only slightly to around €322 billion ($374 bn). (read more)"
Progressives destroy everything they touch. Germany is being flooded with cheap Chinese EV cars.
The "Own Goal" of the century.